Diethyl Phthalate Market Analysis (COVID-19 Analysis) – Industry Insights, Drivers, Top Trends, Global Analysis, Forecast and Opportunities to 2029

Diethyl phthalate is a diethyl ester of phthalic acid and is a chemical compound belonging to the phthalate ester family. Diethyl phthalate is clear colorless liquid which is marginally denser than water. Diethyl phthalate has low volatility. Diethyl phthalate is also known as solvanol or phthalol in industry. Generally diethyl phthalate is synthesized by either Ald-Ox process, or by Oxo process. Diethyl phthalate can also be produced by reacting phthalic anhydride with ethanol in the presence of concentrated sulfuric acid which acts as a catalyst. The purity of diethyl phthalate generally ranges from 98% to 99.5%.  Diethyl phthalate is used as a plasticizer for increasing the flexibility of plastics. Diethyl phthalate has found its application as a plasticizer in the manufacturing of automobile parts, packaging films, plastic films, tools etc. Diethyl phthalate is used as a suitable solvent for various organic compounds. Diethyl phthalate is used as a binder in different types of cosmetics and fragrances. Diethyl phthalate is also used in the formulation of bathing soaps, toiletries, aftershave lotions and skin care products. Diethyl phthalate is used as component in insecticides and mosquito repellent sprays. It can also be used as a plasticizer for solid rocket propellants. Diethyl phthalate has also found its application as coating ingredient in aspirin and as a diluent in polysulfide dental impression materials. Diethyl phthalate is considered as a compound with acute toxicity, owing to which there are number of exposure regulations on diethyl phthalate.

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Global Diethyl Phthalate Market: Dynamics

Significant growth in urban population and increased consumer spending capabilities coupled with increased youth inclination towards styling and grooming has escalated the demand for cosmetics and personal care products. Increasing consumption of cosmetics and personal products is estimated as a key driving factor responsible for the growth of global diethyl market. Rise in population has increased the need for modern day agricultural cultivation with better yield. Adoption of modern day agricultural techniques has increased the demand for agrochemicals, which is projected to have positive impact on diethyl phthalate market. Plastics & polymers play a crucial role in the industrial world, thus increased demand for plastics & polymers is expected to bolster the demand for diethyl phthalate. In the recent years packaging industry has witnessed significant growth and is expected to witness upward trend in the forthcoming period. Growth of packaging industry will propel the demand for diethyl phthalate in the upcoming years. Increasing number of regulations due to the toxicity of diethyl phthalate and its harmful effect on the human reproductive systems can be attributed as restraining factor for diethyl phthalate market growth.

Global Diethyl Phthalate Market: Regional Outlook

Swift growth of population coupled with rising consumer spending capabilities especially in countries such as China and India is estimated to drive the growth of personal care and cosmetics industry. Apart from it increasing inclination towards styling & grooming has elevated sales of cosmetics and personal care products in the Asia Pacific region. Along with the aforementioned factors and growth of agrochemicals, packaging and plastics & polymers industries is estimated to make Asia Pacific a prominent market for diethyl phthalate. Regions such as Europe & North America can be attributed as a potential markets for diethyl phthalates owing to the rising demand of personal care products. However increasing regulations might slowdown the market growth in these regions. Significant growth of cosmetics & personal care industry due increased consumption in regions such as Latin America and Middle & Africa, makes LAMEA a promising market for diethyl phthalate.

Global Diethyl Phthalate Market: Key Market Participants

Examples of some of the market participants operating in the global diethyl phthalate market are:

Merck KGaA, Tokyo Chemical Industry Co., Ltd., Thirumalai Chemicals Ltd., Eastman Chemical Company, Oaisis Alcohol India Pvt. Ltd., Shandong Zhonglan Chemical Co., Ltd., Jiangsu Kedi New Material Co., Ltd., Shanghai Ruizheng Chemical Technology Co., Ltd., ChemFine International Co., Ltd., Wuhan Jayusion Pharmaceutical Technology Co., Ltd. and Gihi Chemicals Co., Ltd. among others.

The Diethyl phthalate market research report presents a comprehensive assessment of the Diethyl phthalate market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Diethyl phthalate market research report provides analysis and information according to Diethyl phthalate market segments such as geographies, application and industry.

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